Selling Stock with Commissions At your full-service brokerage firm,it costs $110 per stock trade.How much money do you receive after selling 100 shares of Time Warner,Inc.(TMX),which trades at $22.62?
A)$2,152.00
B)$2,262.00
C)$2,372.00
D)$2,388.20

Question

Quizplus · Accepted Answer

To calculate the money received after selling 100 shares, multiply the share price by the number of shares and then subtract the commission: (100 shares * $22.62) - $110 = $2,262 - $110 = $2,152.00.

Selling Stock with Commissions at Your Full-Service Brokerage Firm,it Costs